"Lira, Mexico Peso to Outperform on Lower Deficit, Investec Says
By Garth Theunissen
May 24 (Bloomberg) -- Emerging-market currencies will outperform those in developed nations over three to five years as investors shun the highest budget-deficit countries in favor of faster growing economies, Investec Asset Management said.
The Mexican peso, Turkey’s lira and the Malaysian ringgit will lead gains against the dollar, euro, pound and yen over the next six to 12 months, said Werner Gey van Pittius, who helps manage about $65 billion as a portfolio manager at Investec Asset Management in London. That trend may extend for as long as five years as economic growth in developing nations outpaces that in industrialized economies, he said."
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